Which is the best pension plan available for an individual? How much do i have to pay for a span of 20 yrs in order to get a pension of Rs 15000 - 20000 per month? planning to retire at the age of 45 yrs.. my present age is 25.
REAL VALUE of Rs.20000 will be INSIGNIFICANT after 20 Years. You should Plan for at Least Rs.50000 P.M. or More.
Start Investing Rs.5000 per Month ( in 5 Equity Mutual Funds by SIP of Rs.1000 P.M. in EACH FUND ) on Different Dates.
If your Money GROWS at 12% per year, VALUE of Your Funds after 20 years will be OVER Rs. 48 Lacs.
If your Money GROWS at 15 % per year, VALUE of Your Funds after 20 years will be OVER Rs. 70 Lacs.